Does South Korean export data lead company revenues?
Below we highlight key findings sourced from one of our data providers’ backtesting results.
NEUDATA QUICK VIEW
The group backtested their South Korean export data to evaluate whether quarterly adjusted export value correlates to a company’s quarterly revenue. Following evaluation, the group discovered an 86% correlation between the two variables overall, strengthening the case for export data as a leading indicator of company revenue.
We believe the most interesting conclusions came from the following specific products with a South Korean dominance: